AeroCentury Corp. reported that on October 26, 2016, Thomas W. Orr, a member of the company's board of directors since 1998, and the chair of its audit committee, passed away on October 19, 2016. On October 28, 2016, upon recommendation of the audit committee, the full board of directors appointed current audit committee member Roy E. Hahn as the chair of the audit committee to replace Mr. Orr.